What closing costs should you expect?

There are certain normal fees related to closing the sale of a house. These expenses are usually split between the buyer and seller, as directed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in New York to help lead you through the transaction.

Closing costs that are loan-related    (Details)

  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

At closing, the following taxes are usually paid    (Details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Details)

  • Homeowners Insurance
  • Flood or Quake Insurance (optional)
  • Private Mortgage Insurance (PMI) (optional)
  • Title Insurance

Sellers: As we negotiate your sale, I'll not only work to get the very best sales price, but I'll also campaign for limited closing costs. And once we've come to an agreement, I'll fully clarify the closing costs so you know exactly where your money is going.

Buyers: When buying real estate in Bronx County, you will get a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's past experiences and is required to be within a tolerable range so you're not shocked when you show up at closing time. I'll be happy to review the LE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.